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Fibra Prologis with the Right to Acquire 1,672,255 m2
Prologis, a global real estate firm, has significant industrial holdings in Mexico, which may be offered to Fibra Prologis in the future.
Fibra Prologis sees its advantage in issuing real estate trust certificates and expects continued growth in the logistics sector, driven by e-commerce and nearshoring.
This is one of the industrial properties in the Prologis portfolio. Photo: FIBRA Prologis.
By: SiiLA News
06/06/2022
Prologis, a global real estate firm specializing in industrial development and investment, has significant holdings in Mexico, including 1.8 million square feet of industrial facilities in Mexico City, Monterrey, Tijuana, and Ciudad Juárez. These properties, currently under construction or in the leasing process, may be offered to Fibra Prologis in the future. Fibra Prologis, an industrial and logistics real estate investment trust, sees its ability to issue additional real estate trust certificates as an advantage over private buyers for Prologis assets.
Furthermore, Prologis owns approximately 9.7 million square feet of land with preferential rights for Fibra Prologis to acquire these properties in the event of a sale. In their annual report, Fibra Prologis emphasizes the growing demand for logistics spaces, driven by new consumer habits and the need for efficient supply chains. They expect continued growth in the industrial and logistics real estate sector, with the rise of e-commerce and the establishment of international operations in northern Mexico as key drivers.
The border markets continue to experience limited supply and low vacancy rates, contributing to the positive outlook for the industry in Mexico. Fibra Prologis highlights the ongoing demand for logistics space and the role of nearshoring as significant growth factors in these markets.
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
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